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1 2 Sgt. Barnes is a veteran police officer filing as Head of Household. Currently, her taxable
income is $50 , 000 , but has been asked to sit for the Leutenant's exam. She is excited about the
opportunity as the pay raise will give her an additional $15 , 000 of taxable income. Sgt. Barnes
would like to know what the tax implication will be with the promotion and raise. Sgt. Barnes
also moonlights as a private security guard for major sporting events and is concerned the
promotion and raise will have an adverse impact on her marginal tax rate. Required: 1. Complete
the "The tax is:" column for each filing status table using a formula. 2. Prepare the Current
Salary and Proposed Salary tax calculations using VLOOKUP formulas to the 2022 tax brackets.
3. Enter a formula to compute the Marginal Tax Rate (Hint: T Tax / T a x ab l e Income) (HINT:
Use the TRUE logical value for VLOOKUP formulas) Marginal Tax Rate:

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  • 1. 1 2 Sgt. Barnes is a veteran police officer filing as Head of Household. Currently, her taxable income is $50 , 000 , but has been asked to sit for the Leutenant's exam. She is excited about the opportunity as the pay raise will give her an additional $15 , 000 of taxable income. Sgt. Barnes would like to know what the tax implication will be with the promotion and raise. Sgt. Barnes also moonlights as a private security guard for major sporting events and is concerned the promotion and raise will have an adverse impact on her marginal tax rate. Required: 1. Complete the "The tax is:" column for each filing status table using a formula. 2. Prepare the Current Salary and Proposed Salary tax calculations using VLOOKUP formulas to the 2022 tax brackets. 3. Enter a formula to compute the Marginal Tax Rate (Hint: T Tax / T a x ab l e Income) (HINT: Use the TRUE logical value for VLOOKUP formulas) Marginal Tax Rate: